TAX3701 ASSIGNMENT 2
SEMESTER 1 - 2023
UNIQUE NUMBER: 699738
DUE DATE: 12 APRIL 2023
, QUESTION (40 marks)
Lebelok (Pty) Ltd (“Lebelok”) is a company that is incorporated in South Africa and
operates in the automobile industry. Lebelok is in the business of manufacturing,
supplying and providing maintenance services of heavy vehicle engines. The South African
Revenue Service (SARS) approved the company’s production process as a “process of
manufacture”. The company is registered as a vendor for Value-Added Tax (VAT) purposes
making only taxable supplies. Lebelok is not a small business corporation as defined in
s12E of the Income Tax Act. All amounts exclude VAT except if stated otherwise.
1
SEMESTER 1 - 2023
UNIQUE NUMBER: 699738
DUE DATE: 12 APRIL 2023
, QUESTION (40 marks)
Lebelok (Pty) Ltd (“Lebelok”) is a company that is incorporated in South Africa and
operates in the automobile industry. Lebelok is in the business of manufacturing,
supplying and providing maintenance services of heavy vehicle engines. The South African
Revenue Service (SARS) approved the company’s production process as a “process of
manufacture”. The company is registered as a vendor for Value-Added Tax (VAT) purposes
making only taxable supplies. Lebelok is not a small business corporation as defined in
s12E of the Income Tax Act. All amounts exclude VAT except if stated otherwise.
1
